Technology Global

Scared by global warming? In Iceland, one solution is petrifying

Anthony D. Swenson 2 months ago

OSLO (Thomson Reuters Foundation) – On a barren hillside in southwest Iceland, workers are installing huge fans to suck carbon dioxide from the air and turn it to stone deep below ground, in a radical – but expensive – way to fight global warming.

Engineering fixes for climate change are gaining attention and investments in 2021 as companies such as Microsoft and leaders from China, the United States and the European Union work on long-term plans to achieve “net zero” emissions goals.

Elon Musk, chief of Tesla Inc and a billionaire entrepreneur, said in January he would give a $100 million prize for the best “technology for capturing carbon”.

Swiss firm Climeworks, which is building the Icelandic site with Carbfix, a unit of Reykjavik Energy, says every technological fix is needed to limit what U.S. President Joe Biden calls a “climate crisis”.

But critics say “direct air capture” (DAC) of

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Global tax enforcement chiefs target cryptocurrency in fintech

Anthony D. Swenson 2 months ago

Five international tax enforcement heads, including from the Internal Revenue Service’s Criminal Investigation unit, have been meeting this week to discuss their joint initiatives for combating tax evasion.

The group of five leaders, known as the Joint Chiefs of Global Tax Enforcement, or J5 for short, represent the U.S., the U.K., Canada, Australia and the Netherlands. They have been meeting with each other on a yearly basis to discuss and work together on common tax evasion issues and challenges, but this year due to the pandemic they had to meet virtually. This year, the designated challenge they focused on involves the role of cryptocurrency and the financial technology industry in tax evasion.

Cryptocurrencies such as Bitcoin and Ethereum have become more of a priority in recent years for the IRS and other tax authorities abroad as they seek to uncover information on the quickly growing assets. Digital currencies have been

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Global Bioinformatics Market (2020 to 2027) – By Technology & Services, Application and Industry – ResearchAndMarkets.com

Anthony D. Swenson 2 months ago

News Highlights: Global Bioinformatics Market (2020 to 2027) – By Technology & Services, Application and Industry – ResearchAndMarkets.com

DUBLIN– (BUSINESS WIRE) –The Bioinformatics Market by Technology & Services, Application and Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027 ” report has been added to ResearchAndMarkets.com’s offering.

The global bioinformatics market generated $ 8,614.29 million in 2019 and is expected to reach $ 24,731.61 million by 2027, with a CAGR of 13.4% between 2020 and 2027.

Bioinformatics is the combination of information technology, statistics, molecular biology and algorithms to analyze the data obtained from various experiments. It involves collecting biological data, building a computational model, solving computer modeling problems, and evaluating computational algorithm. Bioinformatics uses computation to extract knowledge from biological data, which can be used in drug discovery and development.

The global bioinformatics market is expected to show substantial growth in the near future, driven by the growing need for

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Austrian Regtech kompany Launches Global Shareholder Discovery Technology

Anthony D. Swenson 2 months ago

 

kompany, an Austria-based regtech, announced on Tuesday it has launched its newest anti-money laundering compliance solution that is designed to ease ultimate beneficial ownership (UBO) discovery for regulated entities across the world. According to kompany, UBO Discovery applies artificial intelligence (AI) to analyze unstructured shareholder data with a “confidence” level that exceeding human comprehension.

“With a longstanding history of making the traditionally inaccessible, accessible, kompany has developed its latest product to simplify the search and discovery process of shareholders through its application of their category-leading artificial intelligence engine.”

While sharing more details about the solution, kompany CEO and Co-Founder Russell E. Perry, stated:

“Shareholder information mainly consists of unstructured data, often hidden in PDFs, with little to no consistency in how it’s collected, recorded or stored.”

kompany further revealed UBO discovery is also available via API, allowing it to scale according to the client’s requirements and transforms the

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